NRA Capital Pte Ltd

Written by: Lynn Look

Friday 14 Jul 2017

OCBC & GEH’s divestment of United Engineers shares

OCBC & GEH’s divestment of United Engineers shares

OCBC and Great Eastern Holdings (GEH), OCBC’s 88%-owned insurance subsidiary, issued a joint statement after market close yesterday on the divestment of their combined stakes in United Engineers Limited(UEL) and WBL to Yanlord Perennial Investment for a total cash consideration of S$482.33m (Sale).

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